March Consumer Confidence Falls To 70.2

UPDATE: Consumer Confidence fell from a revised
71.6 last month to 70.2 this month.

This comes in pretty much in line with expectations for 70.0.

Probably the most interesting takeaway of this datapoint is that
analyst expectations continue to come in line with data,
reversing a trend of economic surprises that's been dominant
since last year.

ORIGINAL: March consumer confidence is out
in just a few minutes.

Analysts polled by Bloomberg
are expecting the index to fall slightly from 70.8 last month to
70.0 this month.

A string of positive economic indicators so far this year have
bolstered investor confidence in the recovery. They've argued
that increasing consumer demand has probably been the primary
driver behind this change.